Our History

Friendly, Personalized Service for over 80 Years

Welcome to Aroostook Savings & Loan, Your Home Bank. Since 1936, we have been dedicated to serving the people of Aroostook County and our members, who own our mutual Association. The decision to start the mutual savings association was easy at the time. During the depression, people were having a hard time to acquire the financing they needed to buy or build a home. The Federal Home Loan Bank of Boston issued a federal banking charter on July 24th, 1936 to form a new local bank that would be sensitive and responsive to the credit needs of the citizens of Aroostook County and the small businesses located here. We opened our doors in Caribou as Aroostook County Federal Savings & Loan Association and since that time we have been committed to the mission of helping our people in the communities we serve. Aroostook Savings & Loan provides credit and safeguards your deposits in both the best of times and the most challenging times. For over 80 years, we have been helping our friends and neighbors buy, build, and renovate their homes as well as serving the financial needs of local businesses to help them grow.

Aroostook Savings & Loan has grown to over $115 million in assets and is one of the leaders in mortgage lending in Aroostook County. We are committed to serving our customers for the life of their loan. Our loans stay here in our own portfolio and are never sold to a secondary market. The money you invest in us help make your community stronger and more prosperous. Our goals are to work together with you to meet your financial needs while keeping fees low and offering very competitive interest rates. Your Home Bank provides unmatched service on mortgage loans and deposit accounts and we continue to move forward with exciting new products and services, such as Mobile App banking and Mobile Deposit. With Mobile banking, you will enjoy 24/7 convenient banking in the palm of your hand. It's easy, fast and secure access to your finances no matter where you are.

Our customers are very important to us. They are our strength, our stability and our future. We have been helping your friends and neighbors for over 80 years! Let us help you with the personal, peace-of-mind banking that you can trust and rely on. Compare and come home to Your Home Bank.